I have enjoyed reading the various comments on the "crisis."  I agree
with Anne about the importance of AD and income distribution.  AD and
income distribution are certainly heavy contributors to Mexico's current
and past difficulties.  And, as Anne also implied, significant events
are usually the result of multiple causes.  My background is probably
showing.

It occurred to me that we should probably have a session or two at the
AFIT meetings on the emerging crisis (since it is probably to late for
the NYC AFEE meetings).  Any thoughts?

An aside to Bill Moore:  There are many good reasons to read the WSJ
--though I no longer subscribe.  First, having spent some time with
national level reporters for a number of years, my small sample suggests
that the WSJ reporters are the most professional and most careful to get
their facts right.  Second, if you ignore the editorial and Op-ed pages
there is a great deal of useful information in the WSJ --especially for
institutionalists.  Third, they sometimes even quote a member of the
AFEE tribe as they did today (see the story about NAFTA and the border
on page b1).

Have a good weekend.

Jim Peach